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Next Technology Holding to sell or pledge Bitcoin to reduce risk and boost liquidity after Binance security concerns.

Company Fundamentals
31 Oct 2026, 02:20 WIB
GlobeNewsWire
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Neutral
Next Technology Holding to sell or pledge Bitcoin to reduce risk and boost liquidity after Binance security concerns.

Next Technology Holding Inc. announced its board approved selling or pledging its Bitcoin holdings, totaling about 5,833 BTC, to reduce risk exposure and improve liquidity. This decision follows a recent security incident at Binance and concerns over increasing cyber threats and technological risks like quantum computing. The company plans to execute sales or pledges in tranches through exchanges, block trades, or financing arrangements, with the CEO authorized to manage the process. The move aims to balance their AI and digital asset strategy while addressing custody and market risks associated with Bitcoin holdings.

Next Technology Holding Inc.'s Bitcoin holdings total about 5,833 BTC, a key figure amid its board's decision to reduce exposure and enhance liquidity. For readers following the broader US stock market on Pluang, here is the market snapshot as of Oct 31, 2026 05:11 WIB: out of 150 priced US stocks, 47 rose and 102 fell today. Notable movers include RBLX at USD 43.21 with a 1-day change of -17.63% and a typical hold time on Pluang of 96 days, ASX at USD 39.70 down 10.89%, and QCOM at USD 165.38 down 10.80%, with strong sell order activity on all three.

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